SHFE Lead Prices are Strong and Gained for Two Consecutive Days Overnight [SMM Lead Morning Comment]

Overnight, LME lead opened at $2,245/mt, fluctuated downwards during the Asian session to a low of $2,228.5/mt; during the European session, LME lead rebounded to a high of $2,259/mt, but at the end of the trading session, longs reduced positions, giving back some gains, and finally closed at $2,239/mt, down 0.31%.
Overnight, the most-traded SHFE lead contract opened at 18,890 yuan/mt, briefly touched a high of 19,020 yuan/mt at the beginning, then fell back and fluctuated downwards, hitting a session low of 18,870 yuan/mt at the end of the trading session, and finally closed at 18,905 yuan/mt, up 0.45%, marking two consecutive days of gains.